Moore Capital Management LP Sells 17,944 Shares of BWX Technologies, Inc. (NYSE:BWXT)

Moore Capital Management LP lowered its stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) by 20.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 71,781 shares of the technology company's stock after selling 17,944 shares during the period. Moore Capital Management LP owned approximately 0.08% of BWX Technologies worth $7,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Narwhal Capital Management increased its position in shares of BWX Technologies by 33.4% during the fourth quarter. Narwhal Capital Management now owns 20,979 shares of the technology company's stock worth $2,337,000 after acquiring an additional 5,250 shares during the period. Cadinha & Co. LLC increased its position in shares of BWX Technologies by 469.2% during the fourth quarter. Cadinha & Co. LLC now owns 64,341 shares of the technology company's stock worth $7,167,000 after purchasing an additional 53,038 shares in the last quarter. Cooper Financial Group acquired a new position in BWX Technologies during the fourth quarter worth approximately $737,000. Strategic Planning Group LLC purchased a new stake in BWX Technologies in the 4th quarter valued at $3,005,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of BWX Technologies in the fourth quarter valued at about $325,000. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Stock Performance

Shares of NYSE:BWXT traded up $1.63 during trading on Thursday, hitting $108.77. 813,378 shares of the company traded hands, compared to its average volume of 800,713. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 36.02, a PEG ratio of 3.20 and a beta of 0.66. BWX Technologies, Inc. has a one year low of $84.21 and a one year high of $136.31. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.15. The business's fifty day moving average is $102.71 and its 200-day moving average is $112.33.

BWX Technologies (NYSE:BWXT - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.18. BWX Technologies had a return on equity of 31.95% and a net margin of 10.32%. The company had revenue of $682.26 million during the quarter, compared to analysts' expectations of $644.15 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that BWX Technologies, Inc. will post 3.23 earnings per share for the current fiscal year.

BWX Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be issued a $0.25 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. BWX Technologies's dividend payout ratio is currently 31.85%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America reduced their price objective on shares of BWX Technologies from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Wednesday, March 26th. Seaport Res Ptn raised shares of BWX Technologies to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Maxim Group dropped their price target on BWX Technologies from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, BWX Technologies has an average rating of "Moderate Buy" and a consensus price target of $123.88.

Insider Transactions at BWX Technologies

In related news, CEO Rex D. Geveden sold 45,625 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $107.40, for a total transaction of $4,900,125.00. Following the completion of the sale, the chief executive officer now directly owns 218,218 shares in the company, valued at approximately $23,436,613.20. This trade represents a 17.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ronald Owen Whitford, Jr. sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $104.92, for a total value of $209,840.00. Following the completion of the sale, the senior vice president now directly owns 9,904 shares of the company's stock, valued at approximately $1,039,127.68. The trade was a 16.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,625 shares of company stock valued at $5,734,145 over the last three months. Company insiders own 0.47% of the company's stock.

BWX Technologies Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.